Rhapsody Inc

question 66

Multiple Choice

Rhapsody Inc. created a new line of cameras that work on solar energy. These solar cameras reduced the demand for digital cameras and gradually replaced the use of digital cameras and ended competition. Which of the following is prominent in this instance?

• A) Positioning innovation
• B) Incremental change
• C) Process improvement
• D) Disruptive innovation
• E) Process innovation

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Definitions:

Collusion

An agreement, often illegal, between firms to limit competition by fixing prices, dividing markets, or coordinating production.

Concentration Ratio

A measure of the total output produced in an industry by a given number of firms, usually the largest in the industry, indicating the degree of market concentration.

Herfindahl-Hirschman Index

A measure used to calculate the level of competition within an industry, represented by the sum of the squares of the market shares of all firms in the industry.

Japanese Companies

Entities based in Japan, engaged in commercial, industrial, or professional activities.